Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Cullumbers' ledger showed Cash of $ 8.400 and Common Stock of $ 8,400. May 1 2 5 9 10 Purchased merchandise on account from Black Wholesale Supply for $8,400, terms 1/10, 1/30 Sold merchandise on account for $4,800, terms 2/10./30. The cost of the merchandise sold was $ 3,700. Received credit from Black Wholesale Supply for merchandise returned $ 200. Received collections in full less discounts, from customers billed on May 2. Paid Black Wholesale Supply in full, less discount Purchased supplies for cash $ 900. Purchased merchandise for cash $ 3.400 Received $ 230 refund for return of poor quality merchandise from supplier on cash purchase Purchased merchandise from Wilhelm Distributors for $2,800, terms 2/10,n/30 Paid freight on May 17 purchase $ 250, 11 12 15 12 19 24 Sold merchandise for cash $ 5.500. The cost of the merchandise sold was $4,100 25 27 Purchased merchandise from Clasps Inc for $ 800 terms 3/10,n/30 Paid Wahelm Distributors in toll, less discount Made refunds to cash customers for returned merchandise $ 118. The returned merchandise had cost $ 80 Sold merchandise on account for $1280, terms /30. The cost of the merchandise sold was S 830 29 31 Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of joumal entries posted in part (a). Round answers to decimal places, eg. 5,275.) Cash > Supplies Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold